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economists fear sandy battered hiring with estimates of 80 to 93,000 jobs added. that's compared to 171,000 in october. >>> well, good news though from yesterday's weekly jobless claims which held steady right around the pre-storm level. >>> elsewhere, apple says it will begin making one of its mac lines here in the u.s. next year. >>> growing criticism across the pond. starbucks is foregoing certain tax deductions that helped reduce its tax bill to zero in britain agreeing to pay $32 million it does not owe. >>> the securities and exchange commission says netflix chief reed hastings may have violated fair disclosure rules with a facebook post saying monthly streaming hours had past 1 billion. netflix stocks soared 6% that day. >>> ibm is revamping its retirement plans contributing to employee 401 k accounts just once a year. >> "the wall street journal" reports the washington post will soon begin charging for online articles after a certain number of free ones. >>> sad news out of chicago where the maker of the academy awards oscar statue wets is planning to layo
economists fear sandy battered hiring with estimates of 80 to 93,000 jobs added. that's compared to 171,000 in october. >>> well, good news though from yesterday's weekly jobless claims which held steady right around the pre-storm level. >>> elsewhere, apple says it will begin making one of its mac lines here in the u.s. next year. >>> growing criticism across the pond. starbucks is foregoing certain tax deductions that helped reduce its tax bill to zero in britain...
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Dec 7, 2012
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KRON
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. >> the november jobs report is expected out today and superstar on sandy is going to be a key factor when the numbers do come out. economists predict job growth last month slow because of the storm. the reports silver lining to be that-the storm, the job market is strengthening. those numbers are expected to come out at 530 local time. we will be keeping an eye on them throughout the kron 4 morning news. >> the time is 4:13 a.m. on your morning news--friday morning. we will be back with the kron 4 morning news when we come morning erica will have your traffic and janu at your weather and we will have more headlines. welcome back the time is for 3:00 p.m.. local reservoirs have seen a much needed increase in water level since last week end storms. reservoirs in santa clara improved significantly with the rain fall, but levels are still not exactly where they need to be. since last wednesday, the santa clara valley water district says ever stores and their 10 reservoirs' increased from 74 to 91 percent of weather should normally be. that's an increase of nearly 4 billion gal. of water.
. >> the november jobs report is expected out today and superstar on sandy is going to be a key factor when the numbers do come out. economists predict job growth last month slow because of the storm. the reports silver lining to be that-the storm, the job market is strengthening. those numbers are expected to come out at 530 local time. we will be keeping an eye on them throughout the kron 4 morning news. >> the time is 4:13 a.m. on your morning news--friday morning. we will be...
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Dec 7, 2012
12/12
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so sandy did leave an impact in the data. but i think the report as a whole shows that the economy has been resilient, as i say every month when i'm on your show we're making progress. we're digging our way out of a deep hole. we're not satisfied yet. there's a long way to go. but there are signs that the economy is continuing to heal. >> is it a realistic possibility a year ago today the unemployment rate was 8.7%. today it's 7.7%. is it a realistic possibility, i know you don't like to project numbers, but that we could expect another point drop a year from now? is. >> well, we'll come out with our official projections when the budget comes out but i would say if congress does address the problems that it needs to address concerning the fiscal cliff if we had reasonable resolution type of programs that the president has been proposing to support the economy in the short run, get us on a sustainable fiscal path in the long run, protect the middle class, we're going to continue to see progress in this economy. in fact, i woul
so sandy did leave an impact in the data. but i think the report as a whole shows that the economy has been resilient, as i say every month when i'm on your show we're making progress. we're digging our way out of a deep hole. we're not satisfied yet. there's a long way to go. but there are signs that the economy is continuing to heal. >> is it a realistic possibility a year ago today the unemployment rate was 8.7%. today it's 7.7%. is it a realistic possibility, i know you don't like to...
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Dec 7, 2012
12/12
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house yesterday, making his case to president obama to get more federal aid for victims of hurricane sandy. president obama's expected to ask congress for an additional $50 billion to help states hit by the october storm, but christie says sandy will cost new jersey alone up to $37 billion. new york governor andrew cuomo and new york city mayor michael bloomberg also made similar trips to d.c. recently to push for more federal support. >>> after a delay noted by none other than "the new york times's" maureen dowd, secretary of state hillary clinton is coming to the defense of u.n. ambassador susan rice, calling her a stalwart colleague. rice is seen as a top pick to succeed clinton in the state department, but is under attack by republicans who accuse her of misleading the public in the aftermath of the september 11th attacks at the u.s. consulate in benghazi. >> and it's important to remember what susan said was based on the information that had been given to every senior official in our administration, and she made very clear in her appearances that the information was subject to change
house yesterday, making his case to president obama to get more federal aid for victims of hurricane sandy. president obama's expected to ask congress for an additional $50 billion to help states hit by the october storm, but christie says sandy will cost new jersey alone up to $37 billion. new york governor andrew cuomo and new york city mayor michael bloomberg also made similar trips to d.c. recently to push for more federal support. >>> after a delay noted by none other than...
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Dec 7, 2012
12/12
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not great numbers but they were expected to be half of that because of the effects of superstar on sandy on the north east. the u.s. unemployment rate dropped to 7.7%. >> a federal judge is ready to produce a $1 billion verdict apple or is it on over samsung back of it. the judge told lawyers for both apple and samsung that jurors in the previous case appear to miscalculate damages and now have to be trimmed. no word on how much of the war to apple would be cut. samsung is seeking a new trial while apple is harboring for an increase in the damages award. >> t mobil has a deal with apple it can start carrying the iphone next year. for after its parent company says it has reached a deal with apple. the mobile you as a have been the only national wireless carriers that didn't offer the iphone. although it is impossible to use iphone on t mobile networks customers had to get the iphone themselves parity mobil says it is reshuffling its network to match their carrier data speeds. >> the securities and exchange commission said hastings--the fcc says that is material for investors. information
not great numbers but they were expected to be half of that because of the effects of superstar on sandy on the north east. the u.s. unemployment rate dropped to 7.7%. >> a federal judge is ready to produce a $1 billion verdict apple or is it on over samsung back of it. the judge told lawyers for both apple and samsung that jurors in the previous case appear to miscalculate damages and now have to be trimmed. no word on how much of the war to apple would be cut. samsung is seeking a new...
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Dec 7, 2012
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expected to be half that because of all the layoffs of people on able to work because of super storm sandy. we had 140,000 americansaw a drop in te unemployment rate to 7.7%. this is the lowest since december 2008. > a month after his election present obama has a sizable rating and more than a year. the poll finds the president's rating stands at 57 per cent the highest since may last year when navy seals killed outside a leader osama bin live in. applies more americans that the nation is headed in the right direction. 42 percent say the country is on the right track and a majority believe is likely president obama will improve the economy. however americans are divided on what a president he has been. but 37 percent think he's been above or above average or outstanding. 36 percent say below average or four. >> the us supreme court scheduled to meet behind closed doors again today to consider reviewing the legal issues regarding same-sex marriage. that includes a challenge to california's controversial controversy old proposition 8. if the court refuses to review the prop a case same-sex m
expected to be half that because of all the layoffs of people on able to work because of super storm sandy. we had 140,000 americansaw a drop in te unemployment rate to 7.7%. this is the lowest since december 2008. > a month after his election present obama has a sizable rating and more than a year. the poll finds the president's rating stands at 57 per cent the highest since may last year when navy seals killed outside a leader osama bin live in. applies more americans that the nation is...
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Dec 7, 2012
12/12
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so over a month ago hurricane sandy brought our system to its knees. we experienced a level of destruction that is unprecedented in our 108-year history. there were eight flooded tunnels, 12 subway stations with major damage, some of them destroyed. we lost an entire bridge and a rare line serving a rock line in queens. and we have rail yards and maintenance shops underwater and damaged. just as the superstorm was unprecedented so was the level of our preparation. we shut down the entire system just for the second time in our 108-year history. as it turned out, even our preparation, would not actually, could not protected our entire system from the full-force of sandy's rather. what we saw was truly unbelievable. we watched more than 86 million gallons flood and rush into the two tubes. once sandy passed our top priority was to restore service as quickly and safely as possible. i could not be more proud of the workers and the labor and management who worked so well. we had buses up and running seven hours after the storm, nine hours after that we were
so over a month ago hurricane sandy brought our system to its knees. we experienced a level of destruction that is unprecedented in our 108-year history. there were eight flooded tunnels, 12 subway stations with major damage, some of them destroyed. we lost an entire bridge and a rare line serving a rock line in queens. and we have rail yards and maintenance shops underwater and damaged. just as the superstorm was unprecedented so was the level of our preparation. we shut down the entire system...
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Dec 7, 2012
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going to be donated to a charity called kids in distress situations for families affected by hurricane sandy. and all of these companies are sending more toys. there will be about a thousand they can spread out to these areas. we are going to start with this. i'll tell you where you can find these toys, too. this year we saw the launch of lego friends. it's a construction line with girls in mind. this comes with mia and catherine, the horses. 416 pieces for girls to put together. you can find this as toys "r" us, walmart and target. >> did you say the price? >> i didn't. this is $49. this is the monster high high school by mattel. where our favorite teenage monsters hang out. lockers shaped like caskets. i love the message this sends to girls. it's all about positive tweens esteem. and that we are all perfectly imperfect. this is going to be at k-mart. 4 and up. this is k-mart. walmart and target. >> one direction. the hottest boy band there is. heartthrob for tweens, teens and moms. >> and women. >> we have our head phones. they are all glammed up. and we have the boom box. it's an am/fm ra
going to be donated to a charity called kids in distress situations for families affected by hurricane sandy. and all of these companies are sending more toys. there will be about a thousand they can spread out to these areas. we are going to start with this. i'll tell you where you can find these toys, too. this year we saw the launch of lego friends. it's a construction line with girls in mind. this comes with mia and catherine, the horses. 416 pieces for girls to put together. you can find...
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Dec 7, 2012
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it turns out that sandy did have an impact, but not on the headline numbers. >> if you look deeper in the report, you do see that over a million workers who normally work full time were reduced to part-time hours during the reference week because of bad weather, and over 300,000 additional workers weren't able to work at all because of bad weather. >> reporter: and because of the way the labor department calculates or figures out and decides -- defines who is working part time, full time or working at all and when, sandy's impact did not show up in the overall numbers. but one thing did. as you mentioned, 350,000 people left the work force, about the same number stayed in, and that is what put downward pressure on the unemployment rate taking it down to 7.7. heather? heather: peter barnes reporting live from the white house, thank you. so what can the federal government do to kick start the economy and get more americans back to work in the new year? that's what we need. well, economists and former speech writer to former prime ministers nixon and ford -- presidents nixon and ford, be
it turns out that sandy did have an impact, but not on the headline numbers. >> if you look deeper in the report, you do see that over a million workers who normally work full time were reduced to part-time hours during the reference week because of bad weather, and over 300,000 additional workers weren't able to work at all because of bad weather. >> reporter: and because of the way the labor department calculates or figures out and decides -- defines who is working part time, full...
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Dec 7, 2012
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, who both said it was going to be somewhere between 80,000 and 100,000 jobs -- say that go sandy was worth 80 -- negatively 80,000 to 100,000. you take 146,000 and this could have been a 200-plus number. >> it's interesting because it ties in with consumer data we've been seeing which actually, you know, is not great. it's not buoyant, but it's not bad. and you look at the fact what american households have been doing recently with debt and the degree of debt they've been repaying, sort of deleveraging. you add it together and actually it's not booming but it's not -- >> i want to add if we don't embrace washington and everybody else economic growth we're all in trouble. we can't begin to solve these problems. we have to get back to 4% or 5%. they have policies. medium sized businesses. >> the overall trend over the past several months have been fairly encouraging, right? if you don't own apple stock. >> yeah, the trends -- with the exception of that, i guess. if you owned it for a number of years you've done very well, joe. going through the numbers here a little bit more, looking a
, who both said it was going to be somewhere between 80,000 and 100,000 jobs -- say that go sandy was worth 80 -- negatively 80,000 to 100,000. you take 146,000 and this could have been a 200-plus number. >> it's interesting because it ties in with consumer data we've been seeing which actually, you know, is not great. it's not buoyant, but it's not bad. and you look at the fact what american households have been doing recently with debt and the degree of debt they've been repaying, sort...
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Dec 7, 2012
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. ♪ bill: there is a new report that super storm sandy cost the economy $60 billion, for lost productivity and output. rick leventhal is live in staten island, new york where some industries have actually benefitted. what is the story there, rick? >> reporter: of koerbs, bil course, the businesses directly in the storm surge, retail and restaurants a lot of them have suffered dramatically. other businesses, contractors and home improvement have done very, very well. roofers, landscapers, electrical contractors. this couple run a electrical business and you guys have been crazy busy right? >> yes, since the storm we had hen emergency influx of emergency work. we are aeurbl to hire back some of the people we had laid off and we are looking to hire more people to handle the work that is coming in. >> reporter: you have more work than you can even do yourselves. >> wyatt this point. >> reporter: and you see what, no end in sight? >> we see this generating a very long term, at least a year, two years hopefully. >> reporter: it's great that they are actually able to employ other people as well.
. ♪ bill: there is a new report that super storm sandy cost the economy $60 billion, for lost productivity and output. rick leventhal is live in staten island, new york where some industries have actually benefitted. what is the story there, rick? >> reporter: of koerbs, bil course, the businesses directly in the storm surge, retail and restaurants a lot of them have suffered dramatically. other businesses, contractors and home improvement have done very, very well. roofers,...